2025-04-22T08:56:00-05:00 2024-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2023-07-01 270617933 RHODE ISLAND MAYORAL ACADEMY (SM) BLACKSTONE VALLEY RHOD 4013353133 291 BROAD STREET CUMBERLAND RI 02864 SARAH ANDERSON CEO 4013353133 2025-04-21 1 1 PATRICK J MARTIN P00283486 4012742001 2025-04-16 2023 2025-03-06 01:10:19Z BLACKSTONE VALLEY PREP SARAH ANDERSON 291 BROAD STREET CUMBERLAND RI 02864 42108481 0 X WWW.BLACKSTONEVALLEYPREP.ORG X 2009 RI TO PREPARE EVERY SCHOLAR FOR SUCCESS IN COLLEGE AND THE WORLD BEYOND. 10 10 460 24 0 0 7140485 12722173 34813045 29035691 100730 155645 83085 194972 42137345 42108481 0 0 0 0 28195902 28410798 0 0 0 14818760 16034601 43014662 44445399 -877317 -2336918 58639900 55870869 49339561 48907448 9300339 6963421 TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS RESIDING IN THE MUNICIPALITIES OF CUMBERLAND, CENTRAL FALLS, LINCOLN, AND PAWTUCKET. 0 0 40773404 29035691 BLACKSTONE VALLEY PREP (BVP) IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL EDUCATION TO STUDENTS RESIDING IN CUMBERLAND, CENTRAL FALLS, LINCOLN, AND PAWTUCKET, RHODE ISLAND. 40773404 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 50 0 460 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 RI X CHRISTINE LOSEA CHIEF FINANCIAL OFFICER 4015002415 291 BROAD STREET CUMBERLAND RI 02864 HON MARIA RIVERA CHAIRMAN 1.00 X X 0 0 0 HON JEFFREY MUTTER DIRECTOR 1.00 X 0 0 0 HON T JOSEPH ALMOND DIRECTOR 1.00 X 0 0 0 MICHAEL MCGEE PHD DIRECTOR (TO 2/23) 1.00 X 0 0 0 JOHN R MORTON MD DIRECTOR 1.00 X 0 0 0 JOHN SILVA DIRECTOR (TO 6/23) 1.00 X 0 0 0 BRADLEY COLLINS DIRECTOR (AS OF 1/23) 1.00 X 0 0 0 JESSICA WATERS DIRECTOR 1.00 X 0 0 0 JOY SOUSA DIRECTOR 1.00 X 0 0 0 DIOSCARCIS GARCIA VICE CHAIRMAN 1.00 X 0 0 0 LINDSEY KIZEKAI DIRECTOR (AS OF 1/23) 1.00 X 0 0 0 LAURA STACK DIRECTOR (AS OF 1/23) 1.00 X 0 0 0 BETH DOWD SECRETARY (NON-VOTING) 1.00 X 0 0 0 CHRISTINE LOSEA CHIEF FINANCIAL OFFICER 45.00 X 132990 0 22222 SARAH ANDERSON CHIEF EXECUTIVE OFFICER 45.00 X 199319 0 11574 STEPHANIE BENNETTS CHIEF ACADEMIC OFFICER 45.00 X 114220 0 24178 MICHAEL DEMATTEO CHIEF OPERATIONS OFFICER 45.00 X 130086 0 23670 EMILY STAINER SR. DIRECOTR OF SECONDARY SCHOOLS 45.00 X 128370 0 13186 MARIELLE EMET HEAD OF SCHOOL 45.00 X 121856 0 23110 JOSHUA GIRALDO CHIEF HUMAN CAPITAL 45.00 X 126131 0 8584 952972 0 126524 21 0 1 0 0 5790486 6931687 12722173 STATE GRANTS 611110 19623116 19623116 TUITION FROM DISTRICTS 611110 9160098 9160098 MEDICAID REIMBURSEMENTS 611110 252477 252477 29035691 155645 155645 OTHER REVENUE 900099 194972 194972 194972 42108481 29035691 0 350617 382236 327197 55039 23065655 21010986 2054669 685231 595587 89644 2558007 2518201 39806 1719669 1567172 152497 51409 51409 84045 84045 78000 78000 799760 633638 166122 8226 8226 1566523 1520876 45647 234126 70296 163830 2441958 2406221 35737 32778 25259 7519 271246 172239 99007 1846534 1846534 1811354 1778335 33019 520812 125647 395165 TRANSPORTATION CONTRACT 3386087 3386087 FOOD SERVICE EXPENSE 1367647 1367647 EDUCATION SUPPLIES/EXPE 1339629 1334486 5143 DUES & FEES 194467 86996 107471 44445399 40773404 3671995 0 9171022 7318625 3801271 2340986 438890 262426 49541807 6766975 42956244 42774832 2272473 3174000 58639900 55870869 4273148 3768491 43733530 42892050 1332883 2246907 49339561 48907448 X 9287140 6959426 13199 3995 9300339 6963421 58639900 55870869 -2336918 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 78000 78000 0 PART II-B, LINE 1, LOBBYING ACTIVITIES DUES PAID TO THE FOLLOWING FOR LOBBYING ACTIVITIES: ATHENA SOLUTIONS LC- $21,000 CAPITOL CITY GROUP, LTD.- $21,000 TRUE NORTH COMMUNICATIONS, LLC- $36,000 1309610 1309610 43290058 5152081 38137977 3645020 875228 2769792 1297119 739666 557453 42774832 SECURITY DEPOSITS 31585 DEFERRED FINANCING COST 913849 RIGHT OF USE ASSET 2228566 3174000 OPERATING LEASE 2246907 2246907 X PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT BVP OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE ACADEMY ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. FOR FEDERAL INCOME TAX PURPOSES, SHI IS A DISREGARDED ENTITY AND THE RESULTS OF ITS OPERATIONS ARE REPORTED IN THE FORM 990 OF BVP, ITS SOLE MEMBER. FOR RHODE ISLAND CORPORATE INCOME TAX PURPOSES, SHI FILES A CORPORATE INCOME TAX RETURN AND IS SUBJECT TO THE ANNUAL RHODE ISLAND MINIMUM CORPORATE FRANCHISE TAX. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THERE ARE NO TAX EXAMINATIONS IN PROGRESS FOR EITHER ENTITY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S POLICY IS PUBLICIZED THROUGH LOCAL NEWSPAPERS SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES BOTH FEDERAL AND STATE GRANTS RELATED TO EDUCATION OF STUDENTS. X X 0 0 0 0 0 0 0 0 0 SARAH ANDERSON CHIEF EXECUTIVE OFFICER 199319 0 0 0 0 0 9847 0 1727 0 210893 0 0 0 CHRISTINE LOSEA CHIEF FINANCIAL OFFICER 132990 0 0 0 0 0 6902 0 15320 0 155212 0 0 0 MICHAEL DEMATTEO CHIEF OPERATIONS OFFICER 130086 0 0 0 0 0 6836 0 16834 0 153756 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND MONITORED BY THE BOARD OF DIRECTORS AND A COMMITTEE THEREOF. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF FINANCE PRIOR TO FILING. IT WAS ALSO ELECTRONICALLY SHARED WITH THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE COVERED IN THE BYLAWS AND MONITORED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND SET BY THE BOARD OF DIRECTORS AND A COMMITTEE THEREOF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. SCHOOL HOLDINGS I LLC 7 FATIMA DRIVE CUMBERLAND RI 02864 611740303 REAL ESTATE RI 0 3803905 RHODE ISLAND MAYORAL ACADEMY BLACKSTONE VALLEY